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Dec 12, 2012
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the longer the white house slow walks this discussion, the closer our economy gets to the fiscal cliff, and the more american jobs are placed in jeopardy. >> good morning. the president has said on a daily basis that we should be passing a balanced plan. but what we hear from the president is continuing only discussion on one side of the ledger. it has always been about tax rate increases, and nothing about spending. and we insist, say, look, mr. president, let's talk about a balanced plan, but where are your specifics on the spending cuts? even his own advisers say that any kind of agreement that we come to has to deal with the prime drivers of our deficit, which is the spending, particularly the health care entitlement programs. so we ask the president to please sit down with us and be specific and let's get that balanced plan. you know, it's interesting that the senate has passed a bill that is a bill calling for increased revenues of $850 billion. the president continues to say, support that bill, pass that bill. well, how is that the case when he continues to say we also need $1.4
the longer the white house slow walks this discussion, the closer our economy gets to the fiscal cliff, and the more american jobs are placed in jeopardy. >> good morning. the president has said on a daily basis that we should be passing a balanced plan. but what we hear from the president is continuing only discussion on one side of the ledger. it has always been about tax rate increases, and nothing about spending. and we insist, say, look, mr. president, let's talk about a balanced...
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Dec 7, 2012
12/12
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the fiscal cliff. we'll talk it all with top white house economic adviser dr. alan krueger. shares of whirlpool have more than double d this year. an exclusive with the ceo is coming up and opening bell on a friday morning is coming up next. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. i have obligations. cute tobligations, but obligations.g. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, hav
the fiscal cliff. we'll talk it all with top white house economic adviser dr. alan krueger. shares of whirlpool have more than double d this year. an exclusive with the ceo is coming up and opening bell on a friday morning is coming up next. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. i have obligations. cute tobligations, but...
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Nov 16, 2012
11/12
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fiscal cliff. sources telling t"the wall stret journa journal", white house are in advance internal discussions to replace sweeping spending cuts set to begin in january with a smaller separate package of targeted spending cuts and tax increases and this certainly changes the story entirely in terms of what we're looking at over the next few weeks if this is true? >> why is that? >> we are just going to live with uncertainty until 2013. if we have a smaller package and we kick the can down the road so to speak to 2013, we don't have any clarity. >> i'm saying that this morning we've got -- >> i see. >> we have this kind of plan. this is a 1990 playbook here. i know it's an old playbook. that was iraq/kuwait. every friday there was a short covering rally because there was a belief that over the weekend there would be some agreement. i'm not saying that this is saddam versus president bush. if you go over that period, it's relevant. you hear maybe there's a deal. we had multiple moves on friday from
fiscal cliff. sources telling t"the wall stret journa journal", white house are in advance internal discussions to replace sweeping spending cuts set to begin in january with a smaller separate package of targeted spending cuts and tax increases and this certainly changes the story entirely in terms of what we're looking at over the next few weeks if this is true? >> why is that? >> we are just going to live with uncertainty until 2013. if we have a smaller package and we...
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Dec 11, 2012
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he also added he thinks house speaker boehner has been a good leader during the fiscal cliff negotiations. and then we were joined by bob corker and bob conrad. corker said we need to focus more on entitlements now, and he will not sign any package that doesn't deal with entitlements at this point. conrad said more, not less, should be included in some sort of a big deal. by big deal, he means over $4 trillion. we are now just 20 days away from the fiscal cliff deadline. we continue to bring both sides of the aisle to sit down together. congressman sander levin is a ranking member of the house ways and means committee. and a republican from new jersey, the vice chairman of the house budget committee and a member of the house financial services committee. gentlemen, thank you both for being here. >> thank you. >> we just sat down with senators conrad and corker. they seem to agree on a lot of areas. one of those areas is they think we need to negotiate up from this point, not down from this point and cut some sort of a deal that is 4 trillion or greater when you add up the tax increases. c
he also added he thinks house speaker boehner has been a good leader during the fiscal cliff negotiations. and then we were joined by bob corker and bob conrad. corker said we need to focus more on entitlements now, and he will not sign any package that doesn't deal with entitlements at this point. conrad said more, not less, should be included in some sort of a big deal. by big deal, he means over $4 trillion. we are now just 20 days away from the fiscal cliff deadline. we continue to bring...
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Dec 18, 2012
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data done differently. >>> moments ago we heard house speaker boehner talk on the fiscal cliff. how could the cuts hit the health care stre. the ceo of one of the best ranked hospitals in this country, the cleveland clinic. he joins us from cleveland this morning. mr. cosgrove, good morning. >> good morning, carl. >> i don't know how anyone knows anything when you consider the new health care law, which is taking effect, and the collision between that and what might be the cliff. what is your view for what 2013 may look like? >> well, we are undergoing a major change in health care right now. the care act will bring more patients to us and we'll be paid less for looking after them, and we're having to reorganize the whole way we deliver care. the uncertainty around the fiscal cliff and potential for sequestration adds more confusion to this. this sequestration would bring about a 2% reduction in what we get paid for medicare patients, which translates into about $6 billion across the health care system in general. and particularly its influence on research we're concerned about.
data done differently. >>> moments ago we heard house speaker boehner talk on the fiscal cliff. how could the cuts hit the health care stre. the ceo of one of the best ranked hospitals in this country, the cleveland clinic. he joins us from cleveland this morning. mr. cosgrove, good morning. >> good morning, carl. >> i don't know how anyone knows anything when you consider the new health care law, which is taking effect, and the collision between that and what might be the...
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Dec 17, 2012
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white house as we speak to discuss the fiscal cliff. dow popped on that news when it first broke on some of the wires. currently sitting close to highs of the session up about 85 points. want to bring you the latest details on the newtown connecticut shootings. the town is grieving after the horrific events at sandy hook elementary on friday that left 20 children dead. danielle leigh is live in newtown with the latest. >> good morning. and today is the beginning of a very hard week ahead as families begin saying good-bye to their loved ones and burying those victims who did not survive this tragedy. the first funeral will be today for those victims, starting very soon. the first for 6-year-old nora whose twin sister survived the shooting in a different classroom and 6-year-old jack pinto who was a big new york giants fan. these parents burying their children, something no parent should ever have to do. unimaginebly difficult, saying good-bye, and struggling to move on and pick up the pieces. meanwhile, police are giving us anion date in
white house as we speak to discuss the fiscal cliff. dow popped on that news when it first broke on some of the wires. currently sitting close to highs of the session up about 85 points. want to bring you the latest details on the newtown connecticut shootings. the town is grieving after the horrific events at sandy hook elementary on friday that left 20 children dead. danielle leigh is live in newtown with the latest. >> good morning. and today is the beginning of a very hard week ahead...
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Nov 12, 2012
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cliff. lawmakers over the weekend sound optimistic that a deal will be reached. how likely is that? >> jeffries gets bought in a $3.7 billion deal. leucadia is described as a mini berkshire hathaway. >> a war to see who will open earliest on black friday or on thanksgiving itself as it turns out. >> first up, after coming off the worst week for the markets in several months, wall street looking for signs the president and lawmakers can strike a deal on the cliff before the end of the year. on the sunday talk shows some expressed optimism that a deal could be struck. >> i don't really understand why republicans don't take obama's offer to freeze taxes for everyone below 250,000. make it 500, make it a million. the republican party will fall on half who voted democratic and half who live in hollywood. >> we're beginning to see some really from the right side of the party saying let's get this done. we learned a lesson of sorts in the election. don't let it go to waste. >> seems like there's a
cliff. lawmakers over the weekend sound optimistic that a deal will be reached. how likely is that? >> jeffries gets bought in a $3.7 billion deal. leucadia is described as a mini berkshire hathaway. >> a war to see who will open earliest on black friday or on thanksgiving itself as it turns out. >> first up, after coming off the worst week for the markets in several months, wall street looking for signs the president and lawmakers can strike a deal on the cliff before the end...
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Dec 10, 2012
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. >> let's talk about the fiscal cliff. also on the radar this morning, after president obama and house speaker john boehner both were tight-lipped how the negotiations went. the co-founder of the fix the debt campaign, he was asked about the chances of striking a deal to avoid the cliff. >> it's probably more like a 40% chance we'll actually get it done before the end of the year. probably 25% chance we'll get it done right after the end of the year. and then there's that horrible 35% chance that we'll still go over the cliff and have pure chaos. but i think the chances of getting it done now are better. i think that's what's key. >> be sure to tune in tomorrow for the fiscal cliff coverage live from washington. mission critical, rise above d.c., all day long. becky quick, jim cramer, maria bartiromo holding their feet to the fire about where they stand on the fiscal cliff and how they'll do their part to rise above partisan politics and reach a deal. now, there are some bowles comments. 40%, yeah, but the odds are much be
. >> let's talk about the fiscal cliff. also on the radar this morning, after president obama and house speaker john boehner both were tight-lipped how the negotiations went. the co-founder of the fix the debt campaign, he was asked about the chances of striking a deal to avoid the cliff. >> it's probably more like a 40% chance we'll actually get it done before the end of the year. probably 25% chance we'll get it done right after the end of the year. and then there's that horrible...
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Dec 19, 2012
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talk about the fiscal cliff. things are looking a little worse and worse for that holiday break for congress, at least, as the president says he will veto house speaker boehner's plan b. our john harwood is live in washington. as i said earlier in the show, still stubbornly optimistic this gets done. >> i am, even though the trash talk keeps on coming, carl. just a couple moments ago, we got an e-mail from the boehner communications office calling the white house veto threat bizarre and irrational. again, this is in response to the plan b that boehner unveiled. let's just replay the bidding for a second. the sound of stalemate. you had the white house giving an offer to boehner a couple days ago that offered to raise taxes on people with incomes over, families with incomes over $400,000. had some spending cuts. boehner said it was not sufficiently balanced with spending cuts. he rejected the offer. he's come out with plan b, which doesn't have any spending cuts at all but would only raise taxes among people with
talk about the fiscal cliff. things are looking a little worse and worse for that holiday break for congress, at least, as the president says he will veto house speaker boehner's plan b. our john harwood is live in washington. as i said earlier in the show, still stubbornly optimistic this gets done. >> i am, even though the trash talk keeps on coming, carl. just a couple moments ago, we got an e-mail from the boehner communications office calling the white house veto threat bizarre and...
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Dec 24, 2012
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they're so worried about everybody in the fiscal cliff. they're obviously worried about how a & p is going to affect people, marginal tax rates, the middle class. good. people need to be worried about the middle class but exactly how worried are they? where there is a will there is a way. there was a will in 1895, a will three years ago. yeah, 2009. but obviously there is a whole lot more talk than action because, let's see, i hear crickets or i hear some hula music but i certainly don't hear the ruffling of papers as any bill is getting passed. so i guess i will leave on this note on christmas eve. you know, i send my best wishes to all the military that are out of the country protecting us and making sure they secure the rights for every american, and i say to congress and the president, if you really were so concerned, you could have done a repeat performance. obviously obama care is signature legislation. cornhuskers, a lot of back room deals. but after 25 days of straight debating, they did pass it on christmas eve. i guess this bill
they're so worried about everybody in the fiscal cliff. they're obviously worried about how a & p is going to affect people, marginal tax rates, the middle class. good. people need to be worried about the middle class but exactly how worried are they? where there is a will there is a way. there was a will in 1895, a will three years ago. yeah, 2009. but obviously there is a whole lot more talk than action because, let's see, i hear crickets or i hear some hula music but i certainly don't...
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Oct 5, 2012
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what does the house side done to address or alleviate the fiscal cliff issues. >> first we did a bill asking the president to tell us exactly what he was going to do as far as where he was going to get the most to pay off the $1.2 trillion, and he's supposed to return and has a little bit, but he hasn't defined that yet. the more important thing is that we want to delay things. we're in the silly season right now with the election and so we really didn't solve all the problems but if we continue with the sequestration and particularly with the military, even panetta has said that there's a real fear because for national security. so, i think that we've got a bill out there in the house that will delay the military part of it for the next year. >> speaking of delays on a job day not to interviewpoint, but there's also an issue that the press seems to be pretty big on that pink slips -- there's rules. pink slips need to go out regarding the job loss that will be ultimate if the sequestration proceeds but they are not going out. any thoughts on that. >> they are not going out because the
what does the house side done to address or alleviate the fiscal cliff issues. >> first we did a bill asking the president to tell us exactly what he was going to do as far as where he was going to get the most to pay off the $1.2 trillion, and he's supposed to return and has a little bit, but he hasn't defined that yet. the more important thing is that we want to delay things. we're in the silly season right now with the election and so we really didn't solve all the problems but if we...
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Jul 16, 2012
07/12
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there are growing fears the high-end housing market facing its own fiscal cliff, i call it the mansion cliff. brokers tell me they are getting floods of calls from high-end people wanting to sell homes quickly before taxes go up next year. let's do the math. if bush tax cuts expire, capital gains 15 to 20%, 28% obama care tax on top of that. that may not sound like much. but let's take a look at this mansion that sold in miami recently for $38 million. the 2012 tax right now was $4 medical on this home. next year if this guy had sold the tax would have been $6 million. that's a savings of $2 million. enough to buy a whole other mansion. now, the reason we should care about this is if the rich are dumping homes on the market, inventories could rise, prices could fall, and that could snuff out a recovery in the high-end of the housing market. this very thing happened in 2010 when we had a similar tax year. inventories went way up and prices came down and the entire recovery on the high end stalled. so people are worried that the mansion cliff could be a huge overhang on the broader marke
there are growing fears the high-end housing market facing its own fiscal cliff, i call it the mansion cliff. brokers tell me they are getting floods of calls from high-end people wanting to sell homes quickly before taxes go up next year. let's do the math. if bush tax cuts expire, capital gains 15 to 20%, 28% obama care tax on top of that. that may not sound like much. but let's take a look at this mansion that sold in miami recently for $38 million. the 2012 tax right now was $4 medical on...
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Sep 14, 2012
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what this says is, fiscal cliff, doesn't worry about it, turn off the idea that maybe you have one or two months of good numbers. this is the real deal and there is a search for yield. you better find something. you got to bet on o inflation. >> people have been searching for yields for some time now. now they're desperate. also anything with a spread is coming in. anything with even any real kind of a spread is going to come in. we could enter a world where -- whether it's junk or whatever, it seems dangerous in some ways. >> if you are a money manager looking at equities and fixed income, you are running a hedge fund and you have allocations on both. you going to get priced out of credit, you're going to get priced out of equities if you're trying to actually be a value guy, in some ways. >> we're in a mode that i have not seen in a long time which is that cash killed you yesterday. if you were a competitive mutual fund, hedge fund, cash was like being bearish. i just could not believe how even 5%, 6% cash are costing you basis points here. that's remarkable if you're trying to catc
what this says is, fiscal cliff, doesn't worry about it, turn off the idea that maybe you have one or two months of good numbers. this is the real deal and there is a search for yield. you better find something. you got to bet on o inflation. >> people have been searching for yields for some time now. now they're desperate. also anything with a spread is coming in. anything with even any real kind of a spread is going to come in. we could enter a world where -- whether it's junk or...
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Sep 28, 2012
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and the fiscal cliff. there is a sense that the economy, the underpinnings are good. we've had decent housing pick up. we've had obviously a robust stock market. decent profits. consumer confidence, five-year high. we do have this cliff, 650 billion of head wind, that the private sector wants to see resolution progress on. i do have where i'm optimistic is i do have a sense that those in washington, the administration or congress, appreciate the magnitude of what we face and the negative impact to growth. 200 basis points or more. we don't deal with it effectively. >> although we could have sat here nine months ago and it might have been another issue or two years ago. the level of uncertainty, i don't know if they're all stigmatized still as a result of the financial crisis but there does seem to be a general worry always about uncertainty that we never heard about as often back in the day. >> that is a fair point. i think that ceos more than ever are managing to uncertainty. obviously that is part of their job profile but i think it is important to keep in mind that
and the fiscal cliff. there is a sense that the economy, the underpinnings are good. we've had decent housing pick up. we've had obviously a robust stock market. decent profits. consumer confidence, five-year high. we do have this cliff, 650 billion of head wind, that the private sector wants to see resolution progress on. i do have where i'm optimistic is i do have a sense that those in washington, the administration or congress, appreciate the magnitude of what we face and the negative impact...
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Dec 14, 2012
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how to avoid the fiscal cliff. john harwood is one of the few people left in washington with some of the details. morning, john. >> reporter: morning, carl. we had a flurry of excitement yesterday afternoon when the meeting was scheduled. republican leadership aides told me a shakeup is in the talks. that's why they were meeting. when the speaker left after meeting for 50 minutes in the oval office with the president, and treasury secretary tim geithner, we really weren't much closer to a solution than we were before. here are the main sticking points were i still stuck. we're talking about tax rates, republicans don't want to raise top tax rates. they agreed to more revenue. there's a disagreement on that. the president doesn't want to negotiate until they concede that point. entitlement savings. nobody really wants to spell out entitlement savings on either side to a terrific extent, because those are very popular programs. finally, the debt limit, which is something the president says he's also not going to nego
how to avoid the fiscal cliff. john harwood is one of the few people left in washington with some of the details. morning, john. >> reporter: morning, carl. we had a flurry of excitement yesterday afternoon when the meeting was scheduled. republican leadership aides told me a shakeup is in the talks. that's why they were meeting. when the speaker left after meeting for 50 minutes in the oval office with the president, and treasury secretary tim geithner, we really weren't much closer to a...
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Dec 3, 2012
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first up, we're one month away from the fiscal cliff and so far the white house and congressional republicans are still in disagreement over how to reduce the deficit and avoid a raft of tax hikes and spending cuts. yesterday our own jim cramer and maria bartiromo were on "meet the press" and cramer had a message for fellow panelists and father of the anti-tax pledge, grover norquist. >> most ceos are republican. they're on board. they're not on board with you. they're not on board with you because they fear your view. they think you do not favor going -- you favor going over the cliff. that's what they think. they think that you favor -- >> just for the record since we're on tv. that's silly if they think that they shouldn't be ceos. >> it doesn't really matter. that's what they think. >> i want you to walk me up to that moment. >> behind the record. i like that too. >> i'm stuck. like grover is stuck with this pledge he made everybody take which is that they have to go over the cliff because they obviously will not ever say the word tax. they will only say revenue. i'm stuck speaking to man
first up, we're one month away from the fiscal cliff and so far the white house and congressional republicans are still in disagreement over how to reduce the deficit and avoid a raft of tax hikes and spending cuts. yesterday our own jim cramer and maria bartiromo were on "meet the press" and cramer had a message for fellow panelists and father of the anti-tax pledge, grover norquist. >> most ceos are republican. they're on board. they're not on board with you. they're not on...
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Aug 22, 2012
08/12
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the fiscal cliff is something that people are concerned about, but it's not a topic of everyday conversation. a topic of everyday conversation is what's going to happen with the election. are we going to see the two houses locked in the hands of the republicans and the house? >> that's why this missouri race is so key, right? >> absolutely. so this is all going on. meanwhile, across the pond, other things are happening. >> so what's your take, art, on why people are not willing to take profits with the markets at multi-year highs at this point? is there a fear of not being long the markets when the ecb/europe/the fed does something? why are we here at the stand still? we reach those levels and sort of hold on? >> i think there may be a couple of things going on, whether it's hedge funds or others. to be part of the market has been the most profitable strategy so far. a lot of other theories have not worked. now, if you look at the market in terms of the economy, you've been basically a naysayer. you've stood back and said, wait a minute, 1.5% gdp growth. why are we at new highs again? but if
the fiscal cliff is something that people are concerned about, but it's not a topic of everyday conversation. a topic of everyday conversation is what's going to happen with the election. are we going to see the two houses locked in the hands of the republicans and the house? >> that's why this missouri race is so key, right? >> absolutely. so this is all going on. meanwhile, across the pond, other things are happening. >> so what's your take, art, on why people are not...
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Dec 6, 2012
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fiscal cliff. today the president h showcasing -- steve liesman asked the treasury sec temporary about the possibility of going over the cliff. >> i want to understand the administration's position when it comes to raising taxing on the wealthy, those making more than $250,000. if republicans do not agree to that, is the administration prepared to go over the fiscal cliff? >> absolutely. there's no pros teblpect to the agreement that doesn't involve taxes going up on the wealthiest 2%. remember it's only 2%. >> i talk every day to our customers around this country, around the world sometimes for that matter too, but around the country, and they are all scared to death what happens in january, nobody knows, but all i know is going over the cliff is too hot to handle, it's an option we just can't stare in the face and there's no way we can do it. they will get us through this in one form or fashion. >> interesting call. conventional wisdom, obviously the white house and the secretary hardening their
fiscal cliff. today the president h showcasing -- steve liesman asked the treasury sec temporary about the possibility of going over the cliff. >> i want to understand the administration's position when it comes to raising taxing on the wealthy, those making more than $250,000. if republicans do not agree to that, is the administration prepared to go over the fiscal cliff? >> absolutely. there's no pros teblpect to the agreement that doesn't involve taxes going up on the wealthiest...
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Jul 18, 2012
07/12
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they sound like, listen, multiple cliffs. the fiscal cliff. the euro cliff. we have the cliffs. the ceos saying, you know what? honeywell, things are pretty good. europe is weak. jpmorgan upgrades ford and gm today. housing really strong. >> oh yeah. >> we are seeing -- not down that much. quarter after quarter after quarter that makes me feel so terrific like a parallel universe. >> wow. >> when worlds collide. excellent book. >> from some like it hot to that. >> it is all about google. >> one of the highlights of course right here of delivering alpha this morning, we started off with an exclusive interview with the treasury secretary tim geithner. you say it right here if you're watching cnbc which you were. larry kudlow conducted that interview. the host of "the kudlow report" of course and right here to my left. tell us what happened. what his thoughts were. nice to see you. >> nice to see you. nice to see you. i want to say one thing in doing my homework for the interview, i went and got my friend jim kram who are interviewed last year and asked him, specifically, jimmy, he
they sound like, listen, multiple cliffs. the fiscal cliff. the euro cliff. we have the cliffs. the ceos saying, you know what? honeywell, things are pretty good. europe is weak. jpmorgan upgrades ford and gm today. housing really strong. >> oh yeah. >> we are seeing -- not down that much. quarter after quarter after quarter that makes me feel so terrific like a parallel universe. >> wow. >> when worlds collide. excellent book. >> from some like it hot to that....
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Jul 9, 2012
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nobody in washington expects anything to get done until the election, until they deal with fiscal cliff issues, end of this year, early next year. >> what this economy really needs is confidence. is there anything you're hearing from the white house and how they intend to put greater confidence in the american people and economy beyond tax cuts extended, which are not working at the moment in invigorating the economy. >> when your president of the united states, you travel the country, put your arms around people, feel their pain, tell them you're working every day to get the economy going again. that's what the president has done so far in the campaign. what the romney campaign is going to highlight is that it's just not working. almost every day we see e-mails coming out of romney camp saying obama economy not working. here we'll see the president trying to counter-act that a little bit. simon. >> thank you very much. >>> keep those tweets coming this morning. obviously we'll go back to the president as soon as he speaks. our tweet question this morning, earnings season is upon us. so
nobody in washington expects anything to get done until the election, until they deal with fiscal cliff issues, end of this year, early next year. >> what this economy really needs is confidence. is there anything you're hearing from the white house and how they intend to put greater confidence in the american people and economy beyond tax cuts extended, which are not working at the moment in invigorating the economy. >> when your president of the united states, you travel the...